1600 Cardinal Ln Englewood, FL 34224
This meticulously maintained, concrete block duplex in Englewood, Florida, presents a compelling investment opportunity or a comfortable personal retreat. Located just 3.4 miles from Englewood Beach, this property boasts two 1-bedroom, 1-bathroom units, each with an open and bright floor plan offering easy potential for conversion to two bedrooms. Recently renovated in 2023, the property features a brand-new roof, modern lighting, and central heat and air conditioning. Individual electric meters and separate laundry rooms add to the convenience, while a shared carport and large lanai provide ample space for relaxation and entertaining. A privacy fence ensures seclusion, and the property's proximity to restaurants and shopping enhances its appeal. The units have consistently maintained 100% occupancy until recently, demonstrating strong rental history. Interior updates include fresh paint, updated bathrooms, and tile flooring throughout. This turnkey property is ideal for a dual-income property, a seasonal getaway, or a profitable investment, offering a rare blend of comfort, convenience, and investment potential in a desirable location. The property includes two units, two carports, and sits on one building. The asking price is $320,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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